CorporateInvestorsMarch 15, 2010

Wolters Kluwer Law & Business acquires ftwilliam.com

Wolters Kluwer Law & Business announced today that it has acquired ftwilliam.com, a software as a service (SaaS) company providing third-party administrators (TPAs) and other retirement plan professionals integrated workflow solutions to automate administrative functions as well as securely comply with 5500 filing requirements.It will become part of the pension and benefits portfolio within the Business Compliance Group in Wolters Kluwer Law & Business. Terms of the agreement were not disclosed.

Wolters Kluwer Law & Business, with its CCH and Aspen Publishers brands, is a leading provider of pension, benefits and tax law information and services to professionals.

“Wolters Kluwer Law & Business holds a market-leading position in pension and benefits content and services. This acquisition provides us with a best-of-breed SaaS workflow tool to further build out our portfolio, strengthen our market position and deliver even more innovative solutions to third party administrators and other retirement plan professionals,” said Wolters Kluwer Law & Business Vice President of Business Compliance, Paul Gibson.

With the acquisition of ftwilliam.com, Wolters Kluwer Law & Business is further expanding its suite of innovative workflow solutions for pension planning professionals. These resources include Technical Answer Group (TAG), a technical support service providing answers to pension-related questions for TPAs and other retirement plan professionals, and the Pension and Benefits eLibrary, offering a breadth and depth of expert hands-on knowledge to help customers create and manage pension and benefit plans. Some of this content already is available to ftwilliam.com customers as part of a pre-existing relationship with Wolters Kluwer Law & Business to provide pension plan content to ftwilliam.com customers.

“We’re pleased to join Wolters Kluwer Law & Business,” said Timothy M. McCutcheon, APM, ftwilliam.com President. “The combination of ftwilliam.com and Wolters Kluwer Law & Business is poised to deliver a unique set of content, service and web-based workflow solutions to ensure pension and benefits professionals have access to the integrated solutions they need to efficiently fulfill their responsibilities. In addition, Wolters Kluwer Law & Business shares our same passion for quality and outstanding customer service.”

Founded in 2005, ftwilliam.com, legal name Fort William LLC, has over 2,000 customers nationwide. It is based in Milwaukee, Wis. and has 11 employees, all of whom will join Wolters Kluwer Law & Business. The organization’s web-based integrated workflow solutions focus on simplifying and improving the consistency and accuracy of key areas of a pension professional’s compliance workflow, including pension plan document creation and management; annual compliance filings; and plan administration. It was the first vendor to be approved by the U.S. Department of Labor(DOL) Form 5500 EFAST2 electronic filing, providing a strong market advantage by making it easier for customers focused specifically in the pension area to comply with IRS plan reporting requirements.

About Wolters kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

About Wolters kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Forward-looking statements and other important legal information
This report contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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